Finance: Brazil
Key Facts
—Current rate. The Selic stands at 14.25%, set at Copom’s June 17 meeting, the third straight quarter-point cut from a near two-decade high of 15%.
—Consensus. A Reuters poll of 42 analysts (July 27-31) found 38 expect a fourth straight 25-basis-point cut to 14.00% on August 5, with four seeing a hold at 14.25%.
—Inflation context. The July IPCA-15 preview rose just 0.06%, the smallest July reading since 2023, cutting the 12-month rate to 4.52% from 4.80%, still above the 4.50% tolerance ceiling.
